Ford increases electrification spend to $50B in attempt to catch up to Tesla

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Ford increases electrification spend to $50B in attempt to catch up to Tesla

Ford Motor Company is increasing its electric vehicle investment to $50 billion through 2026, up from the previous $30 billion by 2025. CEO Jim Farley announced the news on Wednesday after the automaker confirmed that it would run its EV unit separately from its combustion engine business, something Ford touched on during its 2021 fourth […]

Ford increases electrification spend to $50B in attempt to catch up to Tesla

2022-03-03 08:03

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